Yihai Kerry Arawana Holdings Co., Ltd acquired 30% stake in Qingdao Kerry Peanut Oil Co., Ltd from Qingdao Changsheng Group Co., Ltd. for CNY 66 million on May 26, 2020. In a related transaction, Yihai Kerry Arawana Holdings Co., Ltd acquired 30% stake in Kerry Oils & Grains (Qingdao) Ltd from Qingdao Changsheng Group Co.,Ltd. for approximately CNY 910 million. Yihai Kerry Arawana Holdings Co., Ltd completed the acquisition of 30% stake in Qingdao Kerry Peanut Oil Co., Ltd from Qingdao Changsheng Group Co., Ltd. on May 26, 2020